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Questions tagged [exchanges]

Exchanges are sites which allow for the conversion of Bitcoins to various world currencies as well as alternate cryptocurrencies.

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Your Bitcoin was successfully turned into USD.Requesting your agreement.. Transaction IDXXXXXXXXX

my email is full of request about bitcoin Bing transferred into US dollar. requesting my authorization and it has a link and a whole bunch of wallet partial wallet addresses talking about. This is ...
RLSR3's user avatar
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Locating Bitcoin with only seed phrase

I purchased Bitcoin back in 2018. I have no record or recollection of how it was stored, but I do know it was never transferred to a physical wallet. At one point I was trading via an online exchange ...
Miles's user avatar
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I connect my coinstats wallet to coinbase but can't find my money

I'm Christopher Lintnaar I from South Africa I connect my coinstats wallet to my coinbase wallet but i can't find it they said is in blockchain smart contract please help me to get my coins or money ...
Christopher Lintnaar's user avatar
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How Custody Settlement Blockchain-Based Solutions Work with Centralized Exchanges

I read How does clearing & settlement work on crypto exchanges and have a follow-up question: Can you explain in more detail how our own custody for settlement on the blockchain would work if we ...
Sohail Ghafoor's user avatar
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When transferring BTC, and it is stalled with the message "untreated" what does that mean? [duplicate]

I have $274.97 in an account with BCRPRO that I need to withdraw after making several attempted transfers to first cashapp,after it read successful operation it was reversed back into the BCRPRO ...
D. Miller's user avatar
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20 views

Bay Global Funding.com Legit? [duplicate]

I signed up for an account with this site for crypto exchange. My dashboard now shows a significant return but I now have to purchase a plan to withdraw it. Is this common and is this site even legit?
Marlos Cerda's user avatar
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1 answer
34 views

VASP beneficiary exchange. What to indicate

The exchange requests the beneficiary's VASP. What to indicate?
D А's user avatar
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Do all crypto brokerages use the same database?

I am wondering if I submit a sell order for Bitcoin on Webull, do Robinhood users also see my order, allowing us to trade cryptocurrencies between different platforms? If not, what is the largest ...
freeman's user avatar
-1 votes
2 answers
68 views

How to create off-chain transaction, the one that exchanges uses

How to create off-chain transaction, the one that exchanges uses. I know that exchanges just update their databases when transaction between customers occur. But how this affect blockchain? How to ...
juhasa's user avatar
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1 answer
59 views

Offline transaction on exchanges

Do cryptocurrency exchanges use offline transactions?And if yes when they use it?Also is offline transactions somehow related to off chain transaction?
juhasa's user avatar
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1 answer
400 views

Locate bitcoin from 11+ years ago

I bought bitcoin along time ago. It was at minimum 11 years ago. My bitcoin purchase info was emailed. I remember the following after buying: getting an email which indicated the bitcoin info. I ...
Zee's user avatar
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Off chain transaction on exchange [duplicate]

Are cryptocurrency exchanges uses off chain transactions?And if yes when does they used?
juhasa's user avatar
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2 votes
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Would exchanges save block space by defaulting deposit addresses to P2TR? [duplicate]

If inputs weigh less in P2TR than other address types, and exchanges conduct big batch transactions for withdrawals, is there a significant efficiency gain in block space they consume if most of their ...
Rex Everything's user avatar
-1 votes
1 answer
356 views

How to sell or convert recently delisted coins on Binance? [closed]

Binance recently delisted SERUM. I still have some left on my account and I want to convert it into another currency. Is it possible to do this and if so, how? I read the following statement: "...
Archil Zhvania's user avatar
1 vote
1 answer
51 views

Why doesn't the price of the bitcoin perpetual future equal the price of bitcoin?

A lot of exchanges offer a bitcoin perpetual future to allow users to speculate on the price of bitcoin. For a future with an expiry date, it makes sense that the price of the future might be higher/...
Featherball's user avatar
2 votes
3 answers
185 views

How to buy 1,000,000 BTC

Let's imagine that I had enough fiat money to buy 1 million bitcoin ($30,000,000,000). How would I find a seller? Are there even that many bitcoins offered for sale? Or would it be easier to start a ...
apchrkey's user avatar
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1 answer
90 views

Where to find a people who have bitcoins, to exchange USD to BTC with no KYC offline?

I have cash in USD, i want to buy BTC in my city, but i don't want to buy it with exchange magazine, because bad exchange rate and because it requires KYC and i'm not want to my personal data will ...
user143572's user avatar
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1 answer
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I purchased bitcoin in 2014. After I paid, it shows on the transaction ledger that it was sold 40 minutes later, but not by me. Is it lost forever?

As per the title - I paid for BTC in early 2014 and appear to be the victim of fraud. Are the coins lost forever? Any help is gratefully appreciated. I purchased them through quickbitcoin.co.uk, which ...
Matt's user avatar
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How does clearing & settlement work on crypto exchanges

I understand that this may differ between trading venues, and may perhaps depend on what specifically is being traded, but I would like to understand, in practice, how the post-trade process works in ...
Zac's user avatar
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1 vote
1 answer
168 views

Sent crypto to email address, recipient's exchange needs transaction-id

I sent $500 in Bitcoin and Ethereum to my niece email address. She got an email for each but could not cash them without Transaction Hash (TXN ID) as I was told by her exchange company! Is there any ...
Naser Saghafi's user avatar
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1 answer
785 views

How do I extract my Bitcoin to an external wallet?

I recently discovered that I had Bitcoin that I invested in over a year ago, and I didn't open an external wallet. I want to find out how I can move it to an external wallet, so I can get a payout on ...
David Holder's user avatar
1 vote
1 answer
103 views

Prior to collapse, how could FTX honor btc withdrawals if filings show they held no bitcoin?

I have seen in the news that, in bankruptcy filings, it was revealed that FTX held no bitcoin. As far as I can find on the internet there's nothing pre-implosion that suggests user were explicitly ...
Runeaway3's user avatar
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4 votes
3 answers
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What is the risk involved in fedimint?

I want to know the risks involved in fedimint? Fedimint is something that was shared as improving privacy for bitcoiners.
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Transfer and account

I'm attempting to clarify a few things in my mind. The wallet.dat file contains (amongst other things) my transaction history alongside the private keys associated with each address in use in the ...
Texas Rebel's user avatar
1 vote
1 answer
117 views

How do exchanges send transactions efficiently?

This site says that " (exchanges do not attach bitcoin miner fees)...Bitcoin exchanges often try to send their transactions as efficiently as possible. This can mean that the fee is not large ...
Aqqqq's user avatar
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Need help with my withdrawal

If I used coinme to deposit at an atm can someone walk me through how to withdrawal? I have the coinme app and trust wallet? Which one would I use? Someone was helping me and stopped responding.. ...
Maryanne Torres's user avatar
-1 votes
1 answer
101 views

How are crypto prices calculated by an exchange? Example game in a spreadsheet to illustrate [closed]

I find the mechanisms behind crypto fascinating, so I wanted to do the thought exercise of creating my own coin, and seeing how it evolves in a simplistic spreadsheet-based example such as this one: ...
Mister Mystère's user avatar
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2 answers
90 views

Doubts about kyc information request of crypto exchange site

Is it normal for a crypto exchange market site to require a photo of myself holding a signed handwritten note in one hand and my id card in the other as kyc information? I'm not a hostage and it feels ...
IDK's user avatar
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1 answer
239 views

soloxbit.com genuine or fake crypto exchange? [duplicate]

I am new in crypto. I know something about cryto currency and its working. Today some one suggested me soloxbit global exchange is it a genuine crypto exchange or not? not enough material is ...
roy's user avatar
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2 votes
1 answer
772 views

Using online exchange like ChangeNOW or FixedFloat to create anonymity?

Online exchanges like ChangeNOW, SimpleSwap and FixedFloat, unless they keep records for a long period, which theoretically might be later accessed by authorities, might offer considerable privacy. I ...
Frungi's user avatar
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3 votes
1 answer
141 views

Is it credible that a "stuck transaction" was the true cause of Binance pausing bitcoin withdrawals?

It is reported that Binance is blaming a "stuck transaction causing a backlog" as the reason it prevented people withdrawing their bitcoin for some hours on the 13th June 2022. I do not ...
User65535's user avatar
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4 votes
2 answers
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Why do bitcoin exchanges use "central" wallets?

Most exchanges that have the option to deposit crypto offer individual wallets for every customer. What is the benefit of moving that money to a "central" wallet? Could they also just ...
itscoldoutsideman's user avatar
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1 answer
101 views

How can I create/provide crypto currency wallets to my users?

I am interested to know, if I want to make a facility to my website users to be able to pay/buy with crypto currencies, also to gain ability to send/receive crypto currencies together( something like ...
user3486308's user avatar
-1 votes
1 answer
471 views

Which offers more privacy, coinjoin-whirlpool or non-KYC online exchanges?

After buying crypto with fiat on a KYC exchange, instead of just moving the crypto to a wallet, I understand that I should get more anonymity from tracking by putting the coin through coinjoin or ...
Joshitmmajeedm's user avatar
0 votes
1 answer
119 views

How do crypto exchanges create wallet for their customers?

I am new in Cryptos. I noticed that when I want to trade in an exchange it needs to create a wallet on their website. It seems this is the wallet they create for a user like what he/she can create him/...
user3486308's user avatar
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2 answers
146 views

How do cryptocurrency exchanges execute trade without paying gas fees?

How do cryptocurrency exchanges execute trade without paying gas fees? For example, in Binance, every user has their own wallet address for each coin they owned. Let's say I just traded 1 BTC for 1 ...
Kanna Kim's user avatar
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2 answers
50 views

Do you have to pay capital gains tax when selling and immediately buying another cryptocurrency in US?

Is it possible to convert eg. BTC to ETH and pay capital gains tax only when you sell and convert crypto into USD?
user133090's user avatar
0 votes
1 answer
81 views

Do the same conditions apply for the same trading pair on the same exchange in different jurisdictions?

If an American resident in the US and a Canadian resident in Canada had 1btc each and they each converted it on Binance to USDT, would they get the same result?
Jeffoski's user avatar
1 vote
2 answers
150 views

What does an exchange do when selling/buying crypto?

I know well that I can sell and buy cryptocurrencies like BTC and ETH on exchanges like Coinbase, I do it almost every week. But my question is: how does an exchange materially convert dollars or ...
Jepessen's user avatar
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1 answer
132 views

Anyone knew about bitnuxt.com?

I have balance in bitnuxt.com site 0.67 btc, and when I want to withdraw the site says I have to deposit 0.002 btc so that the withdrawal can be done Anyone know about this site is scam or not ?enter ...
Clay's user avatar
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1 vote
2 answers
56 views

Confusion of Bitcoin Exchange Rate

According to How is the exchange rate for Bitcoin established? and How do bitcoin exchanges set prices? I understood that , An exchange doesn't set a price at all. It provides a framework for ...
Ruwana's user avatar
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-1 votes
1 answer
57 views

how does new exchanges order books work?

When a new exchange is launched and it doesn't have many users, how does it managed an order book? how can they match orders when there's not enough of them?
pardis.ti's user avatar
1 vote
1 answer
118 views

What is the flow of buying crypto on behalf of users?

I am building a crypto on-ramp for users in emerging markets that allows users to buy crypto via debit/credit cards, mobile money, etc. What is the flow of buying crypto on behalf of users? From ...
Obakeng Mosadi's user avatar
0 votes
1 answer
355 views

How do exchanges manage deposits and withdrawals?

Suppose users on an exchange deposit bitcoin to different addresses using the HD wallet structure. Now suppose a user wants to withdraw bitcoin to an external address. How would this whole process be ...
Bob Marshall's user avatar
0 votes
2 answers
113 views

Why do several exchanges not comply with KYC regulations

I am doing a research project about Crypto regulation. From what I read, Know Your Customer and Anti-Money Laundering compliance from exchanges are legally required in the US. However, a quick search ...
Eric Xue's user avatar
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1 vote
1 answer
191 views

How do exchanges like binance or kucoin store user assets?

My questions about storing user assets: An exchange creates unique deposit addresses for each users. Are these addresses all derived from a HD wallet and exchange controls all the keys and indexes? ...
meysam kheyrollah's user avatar
0 votes
1 answer
124 views

How does perpetual contracts work when the counter party closes?

As I understand how crypto perpetual contracts work - when I enter a long position on a crypto exchange, my order is matched with a counter party short. The long/buyer and short/seller will exchange ...
Flo Woo's user avatar
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0 votes
1 answer
45 views

What happens to your assets if Coinbase (or an equivalent site) closes down?

If a bank institution closes down, there is an amount of money insured. What happens if Coinbase or Crypto.com which are actually just websites shuts down?
DimiDak's user avatar
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0 votes
1 answer
39 views

One time donation using bitcoin from creditcard or bank-account

How would I go about making a one-time donation in bitcoin if I don't want a get a bitcoin-wallet? Think about getting money from an ATM abroad, the money is in my account in currency A, but I get it ...
Ivana's user avatar
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1 vote
1 answer
75 views

What accounting software exist to support crypto exchanges?

I've been looking at QuickBooks and 3rd party tools to integrate to see what they do but it still seems to be more retail focused. I've tried to Google it but still get retail responses. Does anyone ...
SorryEh's user avatar
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